Author: Benjamin Lee

The Commodity Futures Trading Commission (CFTC) has launched a “crypto sprint” initiative to provide additional regulatory clarity for trading digital assets. CFTC Acting Chairman Caroline D. Pham says the initiative is for trading spot crypto asset contracts that are listed on CFTC-registered futures exchanges, known as designated contract markets (DCMs). “Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto. There is a clear and simple solution the CFTC can implement now. The Commodity Exchange Act currently requires that…

Crypto asset management giant VanEck says that one altcoin project is flashing major signs of institutional adoption. In a new report, VanEck highlights the growth of the Hedera (HBAR) ecosystem, which the firm notes in July, saw a price increase of over 70% due to a “wave of partnerships, network growth, and broadening institutional legitimization.” VanEck named several examples of notable adoption of the Hedera network in July, including the Reserve Bank of Australia’s Project Acacia, which aims to explore the development of Australian wholesale tokenized asset markets. Archax, the first regulated global digital asset exchange in the UK, also announced it…

One trader is seeing million dollar profits on a Solana (SOL)-based memecoin in just months, according to on-chain data. Blockchain tracking firm Lookonchain says that one investor in TROLL is looking at a gain of more than 130,000% after the memecoin inspired by the internet trolling culture had an explosive rally over the last month. “From $2,900 to $3.78 million in just 3.5 months – a 1,300x return! Trader ‘frostx.sol’ spent $2,900 to buy 20.91 million TROLL three months ago, sold 2.55 million for $50,700 and still holds 18.36 million TROLL ($3.73 million). With TROLL’s recent surge, his position has…

A closely followed analyst and trader believes the leading layer-1 platform Ethereum (ETH) is poised for a breakout surge. The pseudonymous trader Inmortal tells his 234,400 followers on the social media platform X that he believes Ethereum is gearing up for a rally toward new all-time high prices. The analyst shares a chart suggesting that ETH has one final resistance level to breach at around $4,000 before erupting to new record levels. “Where we’re going, you won’t need charts. Clean $4,000, and this is going to get quite crazy.” Source: Inmortal/X At time of writing, Ethereum is trading for $3,594.…

The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum (ETH) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap (UNI), which is approximately $6 billion, currently “feels too small.” “[Uniswap] would be the 400th largest financial services business in the world – roughly the same size as Storebrand, a savings and insurance business in Norway.” According to Hougan, regulatory uncertainty could be driving Uniswap’s current undervaluation, but that could change amid the U.S. Securities and Exchange Commission’s (SEC) recent initiatives to provide regulatory clarity for crypto…

The top US-based crypto exchange by volume is announcing upcoming support for a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token. In a new announcement, Coinbase says that it has added Mamo (MAMO) to its listing roadmap, indicating plans to list the coin for trading in the future. Mamo is a personal finance bot project that aims to boost user return on interest through tools powered by AI. According to the platform’s whitepaper, the protocol: “Creates calm, steady progress through thoughtful, risk-aware strategies Explains everything in plain language, helping you learn as you earn Keeps you in control. Add, pause,…

Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back. The LTC price could rally to $200 and target a new all-time. Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves. Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month. Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year…

Aave’s daily fees increased by around 200% within the last three months. They hit multi-month peaks of over $3 million per day, indicating intensified borrowing. The surge reflects reinvigorated DeFi lending interest. Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures. CoinGecko data shows daily fees on the blockchain have increased by more than 200% since May. That signals amplified on-chain activity and soaring demand for decentralised liquidity. Most importantly, the statistics signal DeFi borrowing resurgences. The chart shows AAVE’s 24-hour fees were below $1.2 million in early May. It had surpassed 43 million…

Mantle is up 20% in 24 hours amid overall altcoin rcovery. The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51. Ecosystem growth buoys overall bullish momentum. Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91. This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap. Notable gains for Mantle have come amid a 280% surge in daily volume to…

MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade. Binance listing has also boosted the token’s visibility and sparked retail FOMO. MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand. While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike. Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time. This dramatic rally has sparked widespread interest, especially as…